Question
19) Which of the following statements about dividend options is (are) true? I.The interest on dividends left to accumulate with the insurer is not considered
19) Which of the following statements about dividend options is (are) true?
I.The interest on dividends left to accumulate with the insurer is not considered to be taxable income.
II. Dividends paid on life insurance policies are taxable for federal income tax purposes.
A) I only
B) II only
C) both I and II
D) neither I nor II
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Auditing a risk based approach to conducting a quality audit
Authors: Karla Johnstone, Audrey Gramling, Larry Rittenberg
9th edition
9781133939160, 1133939155, 1133939163, 978-1133939153
